Uber reported strong Q1 results with Gross Bookings up 25% year-over-year to $53.72 billion and earnings per share slightly above expectations. The company provided upbeat Q2 guidance, projecting 31% to 38% EPS growth and adjusted EBITDA between $2.7 and $2.8 billion, driven by growth in delivery revenue and Uber One memberships reaching 50 million. Uber's stock rose over 8% following the report, and analysts see significant upside potential, with a price target of $124.33 implying a 57% gain over the next year. Risks include regulatory challenges and competition from autonomous vehicle services, but overall the outlook remains positive with strong cash flow and buybacks supporting the stock.
SpaceX plans to go public on June 12 with a valuation potentially reaching $1.75 trillion, making it one of the largest IPOs ever. While this offers retail investors a rare chance to own a leading space company, history shows that nearly 64% of IPOs ...
President Donald Trump made significant stock purchases worth between $220 million and $750 million in the first quarter of 2026, including shares in tech giants like Nvidia, Oracle, and Microsoft, as well as defense companies such as Palantir and Bo...
Billionaire investor Bill Ackman has started buying Microsoft shares after the stock fell over 15% in 2026, seeing value at 21 times forward earnings. Ackman, known for concentrated bets, views Microsoft's Azure cloud and M365 AI suite as key drivers...
Anthropic, an AI company founded in 2021, has rapidly grown its annualized revenue run rate from $87 million to nearly $40 billion in just three years, a pace unmatched by major tech firms like Salesforce or Amazon. This explosive growth is fueled by...
Uber announced plans to open two new engineering campuses in Bengaluru and Hyderabad by the end of 2027, accommodating around 9,600 employees. The company also partnered with Adani Group to build its first data center in India, expected to launch in ...
